blockchain oracle Chainlink (LINK) co-founder Sergey Nazarov thinks that people will not have difficulty understanding the decentralized computing platform in the future.
In a new interview with Quinten François on Young and Investing, Nazarov says he wants people to understand that his team is working to build a safe and reliable system that can handle “tens of trillions” of dollars in transaction value.
He notes that developing the Chainlink ecosystem is both complex and time-consuming, as it must be done within certain security and reliability requirements.
“They will understand when we power everything. Then they will definitely understand… I think there is a nuance where blockchains and oracle networks are very different. That’s what we’re trying to make clear but can’t quite make clear… But I think as it becomes more adopted, everyone will understand what it is.
NEWS CONTINUES BELOWAnother thing is that blockchains are not Oracle networks. “Oracle networks don’t have a chain, and I think that’s a very different way of building consensus, which is very necessary.”
Earlier this month, Nazarov warned of a possible scenario in which an accelerated collapse of the old financial system would put millions of people in financial pain and force them to recognize the benefits of verifiable, cryptographic monetary systems. crypto- outlined the adoption scenario.
“The rapid state…more Silicon Valley Banks, more Credit Suisse-type failures, larger monumental failures that cannot be assuaged by government intervention and that could lead to significant financial pain for society, significant political tensions, significant international problems, because the fundamental promises of the system are not adequately supported.
And the realization that these promises are not adequately supported is a painful realization that, if it comes true, and if it happens in a way that cannot be managed by governments, will lead people to realize the fragility of the systems in which their values exist, the systems in which their economic life exists. And at this point, a cryptographically guaranteed world, a verifiable network, would be extremely attractive.
It will be so attractive that anyone who cannot cryptographically guarantee your economic relationship with them, who cannot verify for you how you relate to your assets in their system, who is not part of the verifiable network, will be at a disadvantage.
It will be like not being on the internet. “This is a fast situation.”
Koinfinans.com As we reported, LINK is trading at $7.31 at the time of writing this news.